Finance

Europe’s ‘next domino to fall’ is teetering: Strategist

Problems are piling up in Italy, sending Italian stocks sinking and creating fresh concerns about the future of the European Union. The ETF tracking the MSCI Italy index (EWI) has become one of the year’s worst-performing, losing about a quarter of its value in 2016. Unfortunately, Boris Schlossberg, managing director of FX strategy for BK Asset Management, doesn’t see an ... Read More »

Here’s,what’s,behind,gold’s,crazy,post-jobs,volatility

Gold had a hard time making up its mind about Friday’s jobs report. In the 20 minutes before the number came out, gold futures first rose about $10, before promptly giving up those gains. At the second before the number was released at 8:30 a.m. EDT, gold was sitting at $1,356.5 per troy ounce. On the initial news that the ... Read More »

Negative rates leading to ‘day of reckoning’ fear on Wall Street

The reason anyone would buy negative-yielding debt is actually pretty simple: Because they have to. They are central bankers looking to help promote economic growth. They are insurance companies, pension funds and money managers who have to match liabilities with assets. They are not, by and large, retail investors who are so afraid of risk that they’re willing to pay ... Read More »

Big bank investors need to keep an eye on this metric, analyst says

With second-quarter earnings season on the horizon for major U.S. banks, investors should keep an eye on fixed income trading operations, Jeff Harte, a Sandler O’Neill analyst, said Monday. “The credit markets have been a lot more favorable and that is really what hurt first quarter. I mean, we are probably a little ahead of consensus for the quarter, but ... Read More »

June jobs report: Will it put an end to recession fears?

Will the jobs report shock?Thursday, 7 Jul 2016 | 5:00 PM ET|04:34 The best of times may be over for now for job seekers, even though June’s critical employment report should show a substantial spring back in hiring, and the labor market remains fairly strong. Friday’s employment report is expected to show a rebound to 175,000 nonfarm payrolls, from May’s ... Read More »

More to oil’s wild moves than meets the eye

Oil markets have closed out a wild day. The EIA put out its (delayed) weekly inventory levels, and to make a long story short, there was a draw-down in oil inventories, but it was much less than most expected. Gasoline inventories barely budged. The oil market reaction? West Texas Intermediate (WTI) oil went from roughly $48 to $45, a drop ... Read More »

Attorney General Lynch: Dallas shootings ‘an unfathomable tragedy’

Attorney General Loretta Lynch on Friday called the attack in Dallas an “unfathomable tragedy.” “This has been a week of profound grief and heartbreaking loss,” Lynch said. Her comments come after at least one attacker shot 12 police officers, five fatally, during a Thursday night protest over deadly police shootings of black men elsewhere. The attorney general said she was ... Read More »

There’s,a,little-known,EU,rule,that,may,stop,the,Brexit,banking,exodus

The U.K.’s decision to leave the EU last month has ignited fears of an exodus of banking talent from the City of London, but a little-known set of rules is being drafted that could well bypass post-Brexit barriers and allow access to the privileges the country had before. Implementation of the so-called Markets in Financial Instruments Directive II (MIFID II) ... Read More »

How the UK’s exit benefits US REITs

They are considered safe, and they offer yield. No wonder the stocks of real estate investment trusts ran in the opposite direction of the Brexit-bashed U.S. stock market Friday. Last fall, interest in REITs had begun to wane, as expectations of higher interest rates outweighed solid fundamentals in the real estate market. Now REITs, and the real estate underlying them, ... Read More »

Weaker pound may spur UK luxury real estate after referendum

The U.K.’s housing market is seen taking a knock in the wake of the Brexit vote, but the forecast depreciation in sterling may spur investment in luxury and commercial real estate, say realtors. S&P Global Ratings forecast on Monday that U.K. house prices would fall by a mid-to-high single-digit percentage over the next year, with a decline in consumer confidence, ... Read More »